Monday, September 10, 2012

Bradley Center funding moves forward - The Business Journal of Milwaukee:

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The time frame for the moneuy is much sooner than originall recommendedin Gov. Jim Doyle’d proposed budget. Doyle had proposed $500,000 per year in stated bonding authority overa 10-year period. Bradley Center chairmann Ulice Payne saidthe committee’s recommendation to speefd up the allocation would allow buildinfg officials to address “urgent concerns more “The approach endorsed by the committese will allow the Bradley Center to more quickly addressd issues such as obsolete electrical and HVAC systems and instalo more energy-efficient lighting,” he said.
“Resolving thesd items now will make for better maintenance of the buildinbg in thelonger That’s important to extendingg the life of the building.” The Bradleg Center is planning to invest a total of $23 millionj in the Bradley Center to replace aginbg building systems and The remaining funds needed for building maintenancs would be raised through private sources and revenue from the The list of problem areas highlighted in a recenty Business Journal story, along with projected replacement costs, • Seriously outdated mechanical and heating and air conditionint systems requiring major upgrades that will cost abouft $500,000.
• An outdated scoreboard that was installerdin 1995. A new scoreboard is estimatedx to costbetween $4 million and $4.5 million. • An aginbg roof that needs about $150,000 in repair work. • An obsolete hockeyt rink system that must be replaced at a cost estimaterbetween $200,000 and • Aging and energy inefficient lighting and worn out electricao and electrical components that will cost aboutf $175,000. • Replacement or refurbishment of a substantial portion ofthe 18,000p seats.
• The replacement of temporary handrails throughout theseating bowl, which will cost about • And upgrades to the securitt and life safety In addition, Bradley Center officialse want to add a team store, a sit-down restaurant and a famil interactive area, all of which would be important revenue-generatord for the facility. In fact, many NBA arenax have several ofthoser amenities, including the Target Center in Minneapolis, which is home to the NBA City Restaurant. The Bradley Center is the second-oldes arena in the NBA that has not had amajod renovation. It was constructed in 1988 as a gift to the communitgy from JaneBradley Pettit, an heiress to the Allen-Bradle y Co. founders.
The facility is the home to theMilwaukew Bucks, Milwaukee Admirals, Marquette University Goldenb Eagles and the Milwaukee Iron arens football team. The center also hosts special events andmusicall performances.

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